Reported about 7 hours ago
Hedge funds have become optimistic about European luxury goods and consumer discretionary stocks, as per a Goldman Sachs report. This trend contrasts with their strategy of shorting companies affected by potential U.S. tariffs, particularly targeting Italian spirits group Campari. The buying interest in European luxury goods has increased, while short positions in cars and parts have decreased, signaling a shift in investment strategies among hedge funds.
Source: YAHOO